Border to Coast Pensions Partnership Ltd Has $39.29 Million Stock Position in McDonald's Corporation $MCD

Key Points

• Border to Coast Pensions Partnership Ltd reduced its stake in McDonald's by 15.6% during the second quarter, holding 134,466 shares valued at $39.3 million after selling 24,913 shares.
• In recent insider trading, Joseph M. Erlinger and EVP Jonathan Banner sold shares at prices of $299.49 and $310.00, respectively, resulting in significant decreases in their ownership of the stock.
• McDonald's reported a quarterly earnings per share of $3.19, exceeding expectations, with revenues reaching $6.84 billion, a year-over-year increase of 5.4%.

Border to Coast Pensions Partnership Ltd lessened its position in shares of McDonald's Corporation (NYSE:MCD - Free Report) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,466 shares of the fast-food giant's stock after selling 24,913 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in McDonald's were worth $39,287,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Matrix Trust Co lifted its stake in McDonald's by 2.6% during the second quarter. Matrix Trust Co now owns 7,768 shares of the fast-food giant's stock worth $2,270,000 after purchasing an additional 197 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its holdings in shares of McDonald's by 1.9% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 9,964 shares of the fast-food giant's stock worth $2,911,000 after purchasing an additional 190 shares during the period. Ullmann Wealth Partners Group LLC raised its holdings in shares of McDonald's by 3.8% during the second quarter. Ullmann Wealth Partners Group LLC now owns 1,674 shares of the fast-food giant's stock worth $489,000 after purchasing an additional 61 shares during the period. Orrstown Financial Services Inc. raised its holdings in shares of McDonald's by 16.6% during the second quarter. Orrstown Financial Services Inc. now owns 3,731 shares of the fast-food giant's stock worth $1,090,000 after purchasing an additional 532 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of McDonald's by 31.7% during the second quarter. Farther Finance Advisors LLC now owns 22,353 shares of the fast-food giant's stock worth $6,531,000 after purchasing an additional 5,377 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on McDonald's from $305.00 to $310.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Citigroup boosted their price target on shares of McDonald's from $373.00 to $381.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Barclays lifted their price objective on shares of McDonald's from $355.00 to $360.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. BMO Capital Markets upped their target price on shares of McDonald's from $350.00 to $360.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Finally, Bank of America cut their price target on McDonald's from $327.00 to $322.00 and set a "neutral" rating on the stock in a report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, McDonald's presently has a consensus rating of "Hold" and a consensus target price of $325.86.

Insider Buying and Selling

In other news, EVP Desiree Ralls-Morrison sold 2,487 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $310.00, for a total transaction of $770,970.00. Following the completion of the sale, the executive vice president owned 8,754 shares in the company, valued at approximately $2,713,740. This represents a 22.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jonathan Banner sold 1,000 shares of McDonald's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $310.00, for a total value of $310,000.00. Following the completion of the transaction, the executive vice president owned 99 shares in the company, valued at $30,690. The trade was a 90.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,402 shares of company stock worth $2,273,407 over the last three months. Corporate insiders own 0.25% of the company's stock.

McDonald's Price Performance

Shares of McDonald's stock traded up $1.09 on Monday, hitting $303.47. The company had a trading volume of 3,637,178 shares, compared to its average volume of 3,553,417. McDonald's Corporation has a 52 week low of $276.53 and a 52 week high of $326.32. The company has a market cap of $216.56 billion, a PE ratio of 26.00, a PEG ratio of 3.08 and a beta of 0.50. The business has a 50-day simple moving average of $306.06 and a 200-day simple moving average of $306.41.

McDonald's (NYSE:MCD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The fast-food giant reported $3.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.04. McDonald's had a negative return on equity of 225.52% and a net margin of 32.21%.The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the company posted $2.97 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that McDonald's Corporation will post 12.25 earnings per share for the current fiscal year.

McDonald's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $1.77 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $7.08 annualized dividend and a yield of 2.3%. McDonald's's payout ratio is 60.67%.

McDonald's Company Profile

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Spain, and the U.K.